Category: Black Economic Empowerment (B-BBEE)

KZN here we come!

EconoServ has some exciting news… We have been in the BEE industry for over 10 years and are leaders in transformation. We currently service clients all over South Africa on our wide range of transformation services. We are extremely excited to announce that we are opening up an office in...

Move up by 2 BEE Levels – oh Y.E.S!

Download the YES Initiative gazette here. The YES (Youth Employment Service) initiative has been gazetted in a final version by Minister Rob Davies. The YES initiative, which focuses on employing youth allows companies to move up by 2 levels on their BEE scorecard. We invite you to a session whereby...

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Financial Sector Codes and Construction Sector Codes – Our comments

The dti minister, Dr Rob Davies has today (1 December 2017) gazetted the Financial Sector Codes (FSC) and the Construction Sector Codes. The FSC in particular has been long awaited. Until now the financial sector had been using the original financial sector codes which gave all in the FSC an...

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Are BEE Share Schemes Creating Shareholder Value? Listen to our Chairman, Keith Levenstein, discussing the types of BEE share schemes, their benefits and pitfalls.

Need a BEE Verification? We can assist you! View our managed services here. Click here to gather an enormous amount of free information from our website Interview on SAFM with EconoServ chairman Keith Levenstein   NASTASSIA ARENDSE:  We are looking at BEE share schemes. What prompted this idea was the Sasol Inzalo unbundling...

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BEE Commission to Face its Biggest Challenge and Set Precedent

The BEE Commission is about to set a precedent which will decide the validity of what, to date, have been questionable BEE transactions.  The BEE Act states that the BEE Commission must maintain a registry of major transactions. Regulations issued in 2017 defined a major transaction as a deal worth...

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JSE-listed companies will be required to submit their BEE Compliance Report to the BEE Commission by 1 June 2018. Read more about what is required.

By Lianne Friedman, CEO of EconoServ   An amendment to the JSE listing requirements will require companies to provide the BEE Commission with a copy of their compliance report. The first disclosure period is scheduled for 1 June 2018. The JSE says that the aim of the amendment is to...